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what are PEOPLE SAFETY RISKs?
Occupational Health & Safety
Human Resources OHS, Risk & Compliance
Human Resources OHS, Risk & Compliance
People safety risk and occupational health and safety are critical areas focused on protecting individuals from harm in various environments, particularly workplaces. Effective management of safety risks involves identifying potential hazards, assessing their impact, and implementing preventive measures. Occupational health and safety encompass a broader framework that includes developing policies, conducting risk assessments, providing training, and ensuring regulatory compliance. Both aim to create safer environments, reduce injuries and illnesses, and promote overall well-being.
Human Resources OHS, Risk & Compliance
Human Resources OHS, Risk & Compliance
Human Resources OHS, Risk & Compliance
Human resources risk and compliance are integral to managing an organization's workforce effectively and ethically. HR risks encompass various potential issues that can impact an organization's operations and reputation, such as recruitment challenges, compliance violations, and employee relations problems. Managing these risks involves identifying, assessing, mitigating, and monitoring potential threats.
Compliance in HR ensures that an organization adheres to relevant laws, regulations, and ethical standards. This includes legal compliance with labor laws, regulatory adherence to industry standards, and enforcement of company policies. Effective compliance management involves developing policies, providing training, conducting audits, and taking corrective actions to address non-compliance.
Overall, robust HR risk management and compliance practices help organizations maintain legal and ethical standards, protect their reputation, and create a positive work environment.
consequences of people safety risks
Financial Loss
Operational Disruption
Operational Disruption
- Increased Costs: Medical expenses, workers' compensation claims, and insurance premiums.
- Legal Expenses: Costs related to litigation, legal fees, and settlements.
- Fines and Penalties: Regulatory fines for non-compliance with safety regulations and standards
Operational Disruption
Operational Disruption
Operational Disruption
- Downtime: Work stoppages or delays due to accidents or safety investigations.
- Decreased Productivity: Reduced workforce efficiency due to injuries, absenteeism, or low morale.
- Loss of Skilled Workers: High turnover rates if employees leave due to unsafe working conditions.
Reputational Damage
Operational Disruption
Employee Morale & Engagement
- Negative Publicity: Media coverage of safety incidents can harm the company’s public image.
- Loss of Trust: Diminished trust among customers, partners, and stakeholders.
- Brand Damage: Long-term impact on brand reputation and customer loyalty.
Employee Morale & Engagement
Regulatory & Compliance Issues
Employee Morale & Engagement
- Low Morale: Poor safety conditions can lead to decreased employee satisfaction and morale.
- Decreased Engagement: Unsafe environments can result in disengaged employees who are less motivated and productive.
- Higher Turnover: Increased employee turnover due to dissatisfaction with workplace safety.
Regulatory & Compliance Issues
Regulatory & Compliance Issues
Regulatory & Compliance Issues
- Increased Scrutiny: More frequent inspections and audits by regulatory bodies.
- Non-compliance: Risk of being found non-compliant with health and safety regulations, leading to legal consequences.
- Operational Restrictions: Potential imposition of operational restrictions or shutdowns by regulatory authorities.
Impact on Business Continuity
Regulatory & Compliance Issues
Regulatory & Compliance Issues
- Disruption of Services: Interruptions in business operations can affect service delivery and customer satisfaction.
- Supply Chain Issues: Safety incidents can cause delays or disruptions in the supply chain, affecting overall business operations.
- Crisis Management: Resources and attention diverted to managing safety crises rather than focusing on core business activities.
Insurance & Liability
Insurance & Liability
Insurance & Liability
- Higher Insurance Premiums: Increased insurance costs due to a higher risk profile.
- Liability Claims: Potential for liability claims from injured employees or affected parties.
- Coverage Denials: Possible denial of insurance coverage for repeated safety violations or high-risk operations
Legal Consequences
Insurance & Liability
Insurance & Liability
- Litigation Risks: Increased likelihood of lawsuits from injured employees or their families.
- Settlement Costs: Expensive settlements to avoid prolonged litigation.
- Criminal Charges: In severe cases, individuals within the organization may face criminal charges for negligence or non-compliance with safety regulations.